Singapore

Singapore economy

Rising odds of Singapore easing may see yields go up, not down

(July 22): A rapid deterioration in Singapore’s economic data has fuelled speculation the central bank will ease monetary policy. The result may be higher interest rates and bond yields.

Sustainability

Singapore to boost spending to protect against rising sea levels

SINGAPORE (July 17): Citing a risk of being engulfed by the sea, one of the world’s smallest countries is increasing spending to fight the threat of rising water levels.

Cybersecurity

Singapore ranks 11th globally as cyber threat source, with 2 mil incidents in 2Q19: Kaspersky

SINGAPORE (July 17): Singapore is ranked 11th globally when it comes to locations with the most number of incidents caused by servers hosted in the country.

China Focus

Nervous Hong Kong millionaires are moving their cash to Singapore

(July 13): Private bankers are being flooded with inquiries from investors in Hong Kong who are worried about the long-term effects of the political crisis in the Chinese city.

M&A

ST Group Food Industries acquires rights to NeNe Chicken brand in New Zealand

SINGAPORE (July 5): ST Food Industries (ST Group) has entered into a master franchise agreement with Hyein Foods Co for the exclusive rights to the ‘NeNe Chicken’ brand in New Zealand.

Fintech

Singapore startup Instarem says it will apply for digital banking licence

(July 1): Singapore cross-border payments startup Instarem is seeking partners in the lending business as it prepares to apply for a digital banking license in the city state.

Fintech

Singapore to offer up to five digital bank licences

SINGAPORE (June 28): Singapore's central bank said on Friday it would offer up to five digital bank licences to suitable applicants, in a move that could deliver the biggest shake-up in two decades in a market dominated by local banks.

Singapore economy

Overall bank lending in May edges up on business loans: MAS

SINGAPORE (June 28): Total loans in Singapore came in at $681.8 billion in May, 0.8% higher than the $676.3 billion in April and 2.1% higher than a year ago, supported by higher business loans.

Smart cities

Singapore tests 5G applications with a starting fund of $40 million

SINGAPORE (June 27): Singapore wants to test out its 5G potential with a starting budget of $40 million that will be distributed over a year, with telco operators Singapore Telecommunications (Singtel) and M1 among the first appointed to run pilots on the

Ageing

CPF not enough: How will elderly Singaporeans find the $1,379 a month needed to thrive?

SINGAPORE (June 14): Researchers in Singapore have determined that an elderly person living alone would need $1,379 every month to maintain a basic standard of living. But, how will they — and the rest of the ageing population — pay for it?
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